Volkswagen to Launch Affordable High-Tech EVs in 2026, Aiming for Major Chinese Market Expansion

Due to changes in the external market environment and industry competitive landscape compared to the previous period, and in consideration of the Company's actual operating conditions and overall strategic layout, after prudent deliberation and thorough evaluation, the Company has decided to adjust its overall investment strategy, terminate the Malaysia project, in order to further optimize resource allocation and reduce investment risks.

Recently, Tibet Development and Investment Group Co., Ltd. and CATL officially signed a strategic cooperation agreement in Lhasa. Under this agreement, the two parties will carry out in-depth cooperation in three major areas: Zero-carbon demonstration construction sites: integrating PV power generation, energy storage power supply, and other technologies to achieve low carbonisation across the entire construction chain and establish a benchmark for green construction on the plateau.